Singapore has introduced a 50 percent surcharge for tax avoidance.
The UK has released its 2020 budget. It will invest an estimated 640 billion pounds into the country's infrastructure. It also includes several important tax-related announcements.
India has delayed the application of its new ‘significant economic presence’ (SEP) provisions until April 2021.
The fiscal regime put in place to benefit Argentina’s knowledge-based economy has been suspended.
India will raise the turnover threshold for an annual tax audit. The increased limit will apply to businesses that carry out less than five percent of their transactions in cash.
India's tax authority has ruled that revenue generated from cloud hosting services by a U.S. company to Indian consumers is not taxable as 'royalties' under the India-U.S. tax treaty.
Argentina’s Knowledge Economy Regime entered into force on 1 January 2020.
Italy's Digital Services Tax took effect 1 January 2020.
Austria’s Digital Services Tax took effect 1 January 2020.
Advance tax agreements issued before 1 January 2015 will cease to apply at the end of the 2019 tax year.
Russia has simplified the requirements for foreign holding companies to receive tax treaty benefits.
India has reduced corporate tax rates for companies incorporated there.